Northmarq Brokers Facilitate Sale Of 200-Unit Multifamily Property In Tyler
5621 Old Bullard Road, Tyler, Texas 75703, United States
Building Size
—
Asset Type
MultiFamily
Closing
Sep 28, 2022
AI
An undisclosed multifamily property with 200 units located at 5621 Old Bullard Rd. in Tyler has been sold. The transaction took place on September 29, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Market: Tyler
- Units: 200
The sale was facilitated by Taylor Snoddy, Philip Wiegand, Eric Stockley, and Charles Hubbard from Northmarq. They acted as the brokers representing the parties involved in the deal.
Players
Tyler MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93